I have identified three Mapletree REITs that increased their Distribution Per Unit (“DPU”) in FY21/22.
Dividend investors have always liked REITs under Mapletree for their good track record and consistent performance. Recently, most REITs have reported their FY21 full year financial results.
Let us take a look below at their current dividend yield.
Mapletree North Asia Commercial Trust (SGX: RW0U)
Mapletree North Asia Commercial Trust’s portfolio comprises of thirteen commercial properties in China, in Hong Kong SAR, Japan and South Korea, with a total lettable area of 5.9 million square feet. Their total book value is S$8,267.1 million as of 31 March 2022.
In FY21/22, Mapletree North Asia Commercial Trust‘s DPU increased 10.4% year-on-year to 6.819 cents.
| FY21/22 (S$’000) | FY20/21 (S$’000) | Change | |
| Distribution Per Unit (“DPU”) (cents) | 6.819 | 6.175 | 10.4% |
Based on the closing share price of S$1.20 on 6th May 2020, the current dividend yield for Mapletree North Asia Commercial Trust is 5.68%.
Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust has 85 properties in Singapore and 57 properties in North America (including 13 data centres held through the joint venture with Mapletree Investments Pte Ltd).
In FY21/22, Mapletree Industrial Trust’s DPU for FY21/22 increased by 10.0% year-on-year to 13.80 cents.
| FY21/22 (S$’000) | FY20/21 (S$’000) | Change | |
| Distribution Per Unit (“DPU”) (cents) | 13.80 | 12.55 | 10.0% |
Based on the closing share price of S$2.52 on 6th May 2020, the current dividend yield for Mapletree Industrial Trust is 5.48%.
Mapletree Logistics Trust (SGX: M44U)
As of 31st March 2022, Mapletree Logistics Trust as a total of 183 properties spread across Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam. The total valuation of 183 properties in Mapletree Logistics Trust’s portfolio was SGD13.1 billion.
In FY21/22, Mapletree Logistics Trust’s DPU for FY21/22 increased by 9.9% year-on-year to 8.626 cents.
| FY21/22 (S$’000) | FY20/21 (S$’000) | Change | |
| Distribution Per Unit (“DPU”) (cents) | 8.626 | 7.852 | 9.9% |
Based on the closing share price of S$1.72 on 6th May 2020, the current dividend yield for Mapletree Logistics Trust is 5.02%.
Summary of Mapletree REITs That Increased DPU
Mapletree North Asia Commercial Trust is the clear winner here in terms of current dividend yield. However, I will not consider buying into this REIT right now because of its announced merger with Mapletree Commercial Trust.
Between Mapletree Industrial Trust and Mapletree Logistics Trust, I will choose Mapletree Industrial Trust for its higher current dividend yield.
| Mapletree North Asia Commercial Trust (SGX: RW0U) | Mapletree Industrial Trust (SGX: ME8U) | Mapletree Logistics Trust (SGX: M44U) | |
| Current Dividend Yield % (As of 6 May 2022) | 5.68% | 5.48% | 5.02% |